The report, compiled by the charity Oxfam, had been published to coincide with publication of the OECD’s black list of tax havens with the most harmful tax practices.
Blaming the globalisation of capital markets for increasing the scope for offshore activity, Oxfam argues that harmful tax practices provide big business with opportunities to escape their tax obligations, limiting the capacity of countries to raise revenue through taxation, both on their own residents and on foreign-owned capital.
Oxfam’s report also criticises the lack of consultation with poorer countries in the debate on tax avoidance stating that ‘interest has focussed on the concerns of northern governments and the interests of powerful transnational corporations (TNCs)’.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy